Power Integrations: 3Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ Power Integrations Inc. (POWI) on Thursday reported third-quarter earnings of $17.7 million.
On a per-share basis, the San Jose, California-based company said it had net income of 59 cents. Earnings, adjusted for one-time gains and costs, were 77 cents per share.
The maker of integrated circuits used for power conversion posted revenue of $110.1 million in the period.
For the current quarter ending in December, Power Integrations said it expects revenue in the range of $94 million to $100 million.
Power Integrations shares have declined 26 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $54.45, a decrease of 26 percent in the last 12 months.